Groupon Helps Merchants Take Credit Cards
Groupon has added a credit card swiper to its merchants app. Much like Square, the daily deal site can now turn your phone into a point of sale terminal, while still serving as a scanner for redeeming Groupons. Considering the cost of a merchant account with a major bank, this might be Groupon's best idea yet.
Groupon has added a credit card swiper to its merchants app. Much like Square, the daily deal site will give you a plug-in device to turn your iPhone into a point of sale terminal, while still serving as a scanner for redeeming Groupons. Considering the cost of a merchant account with a major bank, this might be Groupon’s best idea yet.
Groupon promises a quick turnaround by processing the payments overnight. The fee rates range from 1.8 percent to 3.25
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